See the book The Entrepreneurial State by Mariana Mazzucato who covers this topic. "Her book comprehensively debunks the myth of a lumbering, bureaucratic stat

See the book The Entrepreneurial State by Mariana Mazzucato who covers this topic. "Her book comprehensively debunks the myth of a lumbering, bureaucratic state versus a dynamic, innovative private sector. In a series of case studies—including IT, biotech and nanotech—Professor Mazzucato shows that the opposite is true: the private sector only finds the courage to invest after an entrepreneurial state has made the high-risk investments. In an intensely researched chapter, she reveals that every technology that makes the iPhone so ‘smart’ was government funded: the Internet, GPS, its touch-screen display and the voice-activated Siri. And in another chapter she argues that the green revolution is today is missing the kind of patient public sector financing, and de-financialized private sector, that got the IT revolution off the ground." http://marianamazzucato.com/projects/the-entrepreneurial-state/the-entrepreneurial-state-usa/ http://marianamazzucato.com/projects/the-entrepreneurial-sta...